Bloomberg Indonesia will build a new capital city on the island of Borneo, home to some of the world’s biggest coal reserves and orangutan habitats, as President Joko Widodo seeks to ease pressure on congested and sinking Jakarta. The new administrative headquarters will be located between North Penajam Paser and Kutai Kartanegara in East Kalimantan, Jokowi, as the president is ...

Bloomberg One of Australia’s biggest infrastructure investors has pledged to cut carbon emissions across its portfolio of airports, toll roads and electricity assets in the nation by about 10%, as the pensions industry steps up its commitment to tackling climate change. IFM Investors Pty., which manages A$140 billion ($94 billion), will cut 200,000 tons of annual carbon emissions from its ...

Bloomberg Chinese autonomous-driving company Pony.ai struck a partnership with Toyota Motor Corp., a boon for the startup seeking to take on US rivals such as Alphabet Inc.’s Waymo. Pony.ai and Toyota are teaming up on a pilot project as they attempt to accelerate the development and deployment of self-driving vehicles, according to a statement from Pony.ai on Monday. The companies ...